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Bush-America Seems Prosperous Only Because We Are Running Up The National Debt

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Yesterday, Vice-President Cheney made a speech In Kansas City at the Harley-Davidson plant, where he broadly summarized the Bush Administration's new economic talking points. Claiming credit for the country's post-Sept. 11 "prosperity and security," he tried to justify continuing the obscene tax breaks/pay-offs they have given to the wealthiest segments of our population, at the expense of everybody else and their children.

Speaking optimistically, Cheney said, "The president 's strategy of cutting taxes delivered the pro-growth results we expected. " Then he went on to cite several statistical indicators which seemed to show that everything is just fine in the economy, and getting better.

You can read the original news story covering Cheney's speech at http://www.kansascity.com/mld/kansascity/business/13569567.htm

What he did not say, however, was that the entire appearance of economic soundness is based on increasing the National Debt, just like a family running up the credit card in order to pay for their everyday living expenses. The economy today is artificially and deliberately "goosed up" to look good, by irresponsible Government borrowing to pay the bills, and by artificially raising the apparent value of houses, so that the "homeowner"/debtors feel more prosperous than they really are. (But if they sell their houses, where will they live, with all the houses priced too high? So it's a phony sense of wealth.)

Here are the official Government figures showing our skyrocketing National Debt since Bush came into office at the beginning of 2001.

Total Public Debt

End of the year 2005: $8,170,414,000,000 ( Read 8.170 Trillion Dollars)
End of the year 2004: $7,596,144,000,000
End of the year 2003: $6,997,964,000,000
End of the year 2002: $6,405,707,000,000
End of the year 2001: $5,943,439,000,000
End of the year 2000: $5,662,216,000,000


Source: See my table at www.loveallpeople.org/publicdebt.html, which I prepared from the official Government figures published by the Bureau Of Public Debt at www.publicdebt.treas.gov/opd/opdhisms.htm. You are invited to verify them for yourself.
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So he has increased our National Debt by 2.508 trillion dollars, or 44%, since he came into office in January of 2001. This is borrowed money, friends: we have to pay it back. And who do we pay it back to? Maybe the Chinese . . . I haven't done the research on that yet, but we owe it to somebody! This is called "living in a fool's paradise."

And as far as "being more secure" against the terrorists: I don't know if I agree with that either. Maybe it's just the "calm before the storm." Millions of people truly hate us now, who simply didn't like us very much before Iraq. This cannot possibly be a good thing for our security.

So, all in all, I think the Cheney speech is total nonsense, and everybody should see it for what it really is: a fraud.

(P.S. If I somehow disappear, they came to get me and put me into one of
their secret prisons! God bless America!)

Blessings to you. May God help us all.
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Rev. Bill McGinnis, Director
LoveAllPeople.org

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www.LoveAllPeople.org

Rev. Bill McGinnis is an Internet Christian minister, writer and publisher. He is Director of LoveAllPeople.org, a small private think tank in Alexandria, Virginia, and all of its related websites, including (more...)
 

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From the data for the first ten months of 200f, av... by mhenriday on Sunday, Jan 8, 2006 at 1:50:50 PM